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Last analysis of AAPL on 4th March, expected more downwards movement in a three wave structure. Price has moved sideways. This is wave B of the three wave structure.

AAPL daily 2014

Within the bigger picture this wave count sees AAPL in a super cycle zigzag correction which is just over two thirds completed.

Within the zigzag cycle wave b ended at 571.88 with a small truncation in the final fifth wave up.

At this stage I expect a big leading expanding diagonal is unfolding for a first wave at primary degree.

Within the leading diagonal intermediate wave (2) is a 72% correction of intermediate wave (1), and intermediate wave (4) is a 86% correction of intermediate wave (3).

I would expect intermediate wave (5) to be longer than intermediate wave (3) and to reach down to 484.54 or below. At 482 minor wave C within intermediate wave (5) would reach 1.618 the length of minor wave A.

I had expected (two weeks ago) this target should be met in about three weeks. Downwards movement is very slow and so the target may be yet another few weeks away.

Within intermediate wave (5) no second wave nor B wave may move beyond the start of the first or A wave. This wave count is invalidated with movement above 551.19.

At 252 cycle wave c would reach equality in length with cycle wave a. This target is about one year away.

AAPL hourly 2014

Within intermediate wave (5) so far minor waves A and B are most likely complete.

Within minor wave C minute wave i and now ii also are most likely complete. If minute wave ii moves higher it may not move beyond the start of wave i above 539.66.

At 505 minute wave iii would reach 1.618 the length of minute wave i.

When the small green parallel channel about minute wave ii is clearly breached with downwards movement then I would have confidence that minute wave iii has begun.